5001 112th St E - Hospitals FOR SALE


Tacoma, WA 98446
$3,502,500 USD
253-779-8400
5001 112th St E, Tacoma, WA for Sale
$3,502,500 USD
Hospitals - FOR SALE
1/4
null | 6.75% Cap Rate

5001 112th St E
Tacoma, WA 98446


OVERVIEW

5001 112th St E presents investors with the opportunity to acquire a stabilized, income-producing commercial asset located in the rapidly growing Parkland/Tacoma submarket of Pierce County. The property is currently occupied by an established commercial tenant, providing immediate in-place cash flow and eliminating initial lease-up risk. This offering is ideal for investors seeking passive income through a single-tenant net-leased or modified-gross commercial investment in a strong suburban corridor with continued residential and commercial expansion. Strategically positioned along 112th Street E with convenient access to Pacific Ave S (SR-7), the property benefits from strong daily traffic counts, surrounding residential density, and proximity to Joint Base Lewis-McChord (JBLM), one of the region’s largest employment centers. Additional Notes: 3% annual increases; Lease in place through 12/18/2030; Two, 5-year options to renew; Tenant willing to discuss longer term early renewal

FOR SALE DETAILS

PRICE

$3,502,500 USD

PRICE/SF

$300 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single Tenant Net-Leased Commercial Asset

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Hospitals

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

CC, Pierce

APN/PARCEL ID

031901-4150

ASK ABOUT THIS PROPERTY

Briana HickeyNeil Walter CompanyMore Info
253-779-8400

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Briana HickeyNeil Walter CompanyMore Info
253-779-8400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.